Grenada: Bound rate, simple mean, manufactured products (%)

Key figures

Since 1996 it is down 0.24 percentage points from 50.82% in 1996. The World Bank has no value for 10 of the years in between; the chart leaves those gaps open rather than joining across them.

How it compares

In 2022, Grenada had the 7th highest value of the 35 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Grenada in the 2022 ranking

• Angola — 4th of 35: 60.06%
• St. Vincent and the Grenadines — 5th of 35: 53.9%
• Trinidad and Tobago — 6th of 35: 51.87%
• Guyana — 8th of 35: 50.51%
• Bolivia — 9th of 35: 39.98%
• Mexico — 10th of 35: 34.97%

What this measures

Simple mean bound rate is the unweighted average of all the lines in the tariff schedule in which bound rates have been set. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.

All 17 values

Bound rate, simple mean, manufactured products (%) in nearby economies

• Antigua and Barbuda — 52.08% (2021)
• Argentina — 31.43% (2022)
• Barbados — 73.47% (2022)
• Belize — 51.94% (2021)
• Bolivia — 39.98% (2022)
• Brazil — 30.59% (2022)
• Chile — 24.99% (2022)
• Colombia — 34.81% (2022)
• Costa Rica — 42.76% (2021)
• Cuba

More trade data for Grenada

• Import volume index (2015 = 100) — 134.7 (2024)
• Import value index (2015 = 100) — 173.2 (2024)
• Net barter terms of trade index (2015 = 100) — 86.1 (2024)
• Export volume index (2015 = 100) — 92.4 (2024)
• Export value index (2015 = 100) — 102.3 (2024)
• Binding coverage, manufactured products (%) — 99.97% (2022)
• Tariff rate, applied, simple mean, manufactured products (%) — 11.75% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 8.87% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 12.04% (2022)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Grenada's bound rate, simple mean, manufactured products (%)?

50.58% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1996?

It is down 0.24 percentage points from 50.82% in 1996. The highest value was 50.85% in 1999 and the lowest 50.58% in 2010.

How does Grenada rank?

7th highest of 35 economies with data for 2022.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); World Integrated Trade Solution system (WITS), World Bank (WB); World Trade Organization (WTO).

Source

World Bank, World Development Indicators, indicator TM.TAX.MANF.BR.ZS, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); World Integrated Trade Solution system (WITS), World Bank (WB); World Trade Organization (WTO) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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